daniel chigunwe
- businessweekly
- November 13, 2024
- 285 views
ZIMRA cracks down on tax evaders, imposes $142 million in penalties
Business Writer The Zimbabwe Revenue Authority (ZIMRA) has imposed penalties totalling ZiG142 million on taxpayers for non-compliance with tax regulations during the first eight months of the year, according to…
- businessweekly
- November 13, 2024
- 65 views
Tesla’s meme-like stock surge leaves Wall Street feeling wary
Bloomberg Tesla Inc.’s post-election surge, powered by Elon Musk’s full-throated support for Donald Trump, has added almost $250 billion to the carmaker’s value, a staggering sum that now has some…
- businessweekly
- November 13, 2024
- 152 views
ZESA in depressed power production
Oliver Kazunga Senior Business Reporter ZIMBABWE’S power utility, Zesa, says the national grid is presently experiencing depressed output due to a technical fault at Hwange Power Station. As a result…
- businessweekly
- November 13, 2024
- 92 views
Nampak Zimbabwe disposal negotiations are still ongoing
Business Reporter Nampak Zimbabwe says negotiations on the proposed disposal of 51,43 percent stake to TSL Limited are still ongoing, and the deal remains subject to the fulfilment of various…
- businessweekly
- November 12, 2024
- 163 views
Zimbabwe’s REITs market sees sustained growth
Business Writer Zimbabwe’s Real Estate Investment Trust (REITs) market continues to grow, driven by expanding urbanisation, strong demand for real estate properties and regulatory support. However, the future of REITs…
- businessweekly
- November 12, 2024
- 124 views
Additional listings to enhance VFEX liquidity: IH Securities
Business Writer Equities research and stock broking firm, IH Securities, says activity on the Victoria Falls Stock Exchange (VFEX) has remained steady, with a slew of new listings in the…
- businessweekly
- November 12, 2024
- 173 views
Govt to wean ferrochrome producers from Zesa grid
Oliver Kazunga THE Government has given ferrochrome producers until December 2025 to establish their own power plants, a development expected to relieve pressure on the national grid. Zimbabwe presently generates…
- businessweekly
- November 12, 2024
- 137 views
CBZ delivers strong financial performance
Business Writer CBZ Holdings delivered a strong financial performance in the third quarter ending September 30, 2024, supported by a solid asset base and strategic positioning in a competitive environment.…
- businessweekly
- November 12, 2024
- 98 views
Treasury slashes Industry and Commerce Ministry budget
Nqobile Bhebhe Treasury has capped the Ministry of Industry and Commerce’s budget allocation for 2025 at ZiG 255,318,000, significantly lower than their request of ZiG 855,221,000, a development expected to…
- businessweekly
- November 12, 2024
- 65 views
Financial institutions not keen on funding country’s industrialisation efforts
Nqobile Bhebhe There is a limited willingness among local financial institutions to provide necessary funding for the country’s industrialisation efforts, which are essential for economic development, a Cabinet Minister has…